National Desk: After witnessing a prolonged decline, gold and silver prices surged sharply in the domestic futures market on Tuesday, February 3. On the Multi Commodity Exchange (MCX), both precious metals traded with strong gains. Gold prices jumped by nearly ₹5,000, while silver witnessed a sharp rise of around ₹17,000 per kilogram.
On MCX, gold futures with March 5, 2026 expiry opened at ₹1,44,700 per 10 grams, compared to the previous close of ₹1,41,669. Around 10 a.m., gold was trading near ₹1,46,514, and during early trade it touched a high of ₹1,49,518 per 10 grams.
Talking about silver, MCX silver futures (March 5, 2026 expiry) were trading at ₹2,53,409 per kg, reflecting a gain of nearly ₹17,000 from the previous session. In early trading, silver also touched an intraday high of ₹2,57,480 per kg.
Gold Prices in Major Cities (per 10 grams)
Delhi
- 24 Carat: ₹1,51,900
- 22 Carat: ₹1,39,250
- 18 Carat: ₹1,13,960
Mumbai
- 24 Carat: ₹1,51,750
- 22 Carat: ₹1,39,100
- 18 Carat: ₹1,13,810
Chennai
- 24 Carat: ₹1,53,060
- 22 Carat: ₹1,40,300
- 18 Carat: ₹1,20,000
Kolkata
- 24 Carat: ₹1,51,750
- 22 Carat: ₹1,39,100
- 18 Carat: ₹1,13,810
Ahmedabad
- 24 Carat: ₹1,51,800
- 22 Carat: ₹1,39,150
- 18 Carat: ₹1,13,860
Lucknow
- 24 Carat: ₹1,51,900
- 22 Carat: ₹1,39,250
- 18 Carat: ₹1,13,960
According to experts, ongoing fluctuations in precious metal prices are driven by global market cues and domestic demand. In such a scenario, investors and buyers planning to purchase gold or silver today are advised to check the latest city-wise rates before making a decision.
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